Global Industrial Valves Market
Growth Opportunities in the global industrial valves market look promising over the next six years. The emerging demand for industrial valves in oil and gas production and the strong demand for flow control equipment globally are key factors driving the growth of the global industrial valves market.
Introduction of the Industrial Valves Market:
The mechanical devices which maintain or regulate the pressure or flow of liquids and gases that run through the pipelines are called industrial valves. In the case of an open valve, the direction of liquid flows from higher to lower pressure. The industrial valves are of various types based on valve type, such as diaphragm valves, ball valves, globe valves, check valves, gate valves, safety valves, plug valves, and other types of valves.
Industrial Valves Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The emerging demand for industrial valves in the oil and gas production and the strong demand for flow control equipment globally are the factors surging the growth of the global industrial valves market. The increasing demand for automation resulted from the rising industrialization, and the development of existing facilities is one of the emerging industrial valve industry trends that is fuelling the market growth the market. The smart valves have intelligent control systems, which are largely adopted by end-users to improve efficiency. Moreover, the increased adoption of diagnostics and smart technologies in industrial valves is bringing various growth opportunities for the market. These valves enable monitoring variables such as flow rate, upstream and downstream pressure steam position, and measurement of temperature.
The growing installation of pipelines and the continuous increase in unconventional oil and gas applications, along with the rapid technological advancement in the industrial valves, such as the launch of smart valves with an integrated embedded processor and network capability, will attract a large number of end-users into the market. On the other edge of the spectrum, the major factors hindering the growth of the market include variations in the prices of raw materials and the rigorous government regulations for conventional power plants.
On the basis of the region, Asia-pacific is projected to grow at a higher CAGR during the forecast period. The significant growth in the population rate, particularly in developing countries such as China and India, and continuous urbanization will propel the growth of the industrial valves market. Additionally, the emerging demand for industrial valves among the water & wastewater treatment, construction, energy & power, chemicals, and pharmaceuticals sector is further bolstering the growth of the market in this region.
Key Players of the Global Industrial Valves Market:
- Emerson Electric Co.
- The Weir Group PLC
- Flowserve Corporation
- Schlumberger Limited
- IMI PLC
- Spirax Sarco Limited
- Crane Co.
- KITZ Corporation
- Metso Corporation
- Neway Valve
Industrial Valves Market Segmentation:
Segmentation by Material:
- Stainless Steel
- Cast Iron
- Cryogenic
- Alloy Based
- Others
- Brass
- Bronze
- Plastic
Segmentation by Valve Type:
- Ball Valves
- Butterfly Valves
- Check Valves
- Diaphragm Valves
- Gate Valves
- Standard Plate Gate Valves
- Wedge Gate Valves
- Knife Gate Valves
- Globe Valves
- Plug Valves
- Safety Valves
Segmentation by Size:
- Up to 1”
- 1–6”
- 6–25”
- 25–50”
- 50” & Larger
Segmentation by Industry:
- Oil & Gas
- Water & Wastewater Treatment
- Energy & Power
- Chemicals
- Food & Beverages
- Pharmaceuticals
- Construction
- Agriculture
- Pulp & Paper
- Metals & Mining
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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